Midland Industrial Property For
1814 E County Rd 120 Midland, TX 79706
1814 E County Rd 120, Midland, TX, 79706
$1,860,000
Pending
For Sale
$1,860,000
Pending
Versatile industrial property on 3 acres in Midland's energy corridor.
Property Size12,000 SF
Lot Size3.00 Acres
Days on Market461
Property Features for 1814 E County Rd 120
General Information
- Standard status
- Pending
- Size
- 12,000 SF
- Lot size
- 3.00 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2019
Listing agency
eXp Realty LLC
(432) 202-0069
Listed by
Yvonne Rosas · License #0716775
(432) 202-0069
Source
Exitrealty
Added: Apr 19, 2025 Updated: Jul 10 at 1:43PM Checked: Jul 22 at 8:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty LLC
Investment Insights
Based on property information with market context.
This industrial property is located in Midland's energy corridor. The site is situated on 3 acres. The property offers 12000 square feet of space. It is located across from the new Midland Sheriff's Office. The property is suitable for commercial and industrial use.
Key Highlights
- Prime location in Midland's Energy Corridor
- Versatile commercial/industrial property suitable for various business needs
- Large 3‑acre site offering ample space
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.7k | $13.56 |
| − Vacancy | −$8.9k | −$0.75 |
| EGI | $153.8k | $12.81 |
| − OpEx | −$46.1k | −$3.84 |
| NOI | $107.6k | $8.97 |
12,000 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.54M
$1.35M – $1.79M
NOI $107,639 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.83M
$2.48M – $3.30M
NOI $198,144 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Oil-Tech Services
Oilfield
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial property - Versatile industrial property on 3 acres in Midland's energy corridor.
Where is this industrial property located?
The property is located at 1814 E County Rd 120 Midland, TX.
What is the asking price?
The asking price for this property is $1,860,000.
What are key features of this property?
This property features: Prime location in Midland's Energy Corridor; Versatile commercial/industrial property suitable for various business needs; Large 3‑acre site offering ample space
